{"id":63528,"date":"2024-04-16T09:14:09","date_gmt":"2024-04-16T09:14:09","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=63528"},"modified":"2025-04-20T13:42:32","modified_gmt":"2025-04-20T11:42:32","slug":"acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/","title":{"rendered":"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"682\" height=\"1024\" src=\"https:\/\/gulftech-news.com\/en\/wp-content\/uploads\/2024\/04\/\u0639\u0628\u062f-\u0627\u0644\u062d\u0645\u064a\u062f-\u0627\u0644\u0645\u0647\u064a\u062f\u0628\u060c-\u0627\u0644\u0631\u0626\u064a\u0633-\u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a-\u0644\u0644\u0634\u0624\u0648\u0646-\u0627\u0644\u0645\u0627\u0644\u064a\u0629-\u0641\u064a-\u0623\u0643\u0648\u0627-\u0628\u0627\u0648\u0631-682x1024.jpeg?v=1713258843\" alt=\"\" class=\"wp-image-63529\" srcset=\"https:\/\/gulftech-news.com\/en\/wp-content\/uploads\/2024\/04\/\u0639\u0628\u062f-\u0627\u0644\u062d\u0645\u064a\u062f-\u0627\u0644\u0645\u0647\u064a\u062f\u0628\u060c-\u0627\u0644\u0631\u0626\u064a\u0633-\u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a-\u0644\u0644\u0634\u0624\u0648\u0646-\u0627\u0644\u0645\u0627\u0644\u064a\u0629-\u0641\u064a-\u0623\u0643\u0648\u0627-\u0628\u0627\u0648\u0631-682x1024.jpeg?v=1713258843 682w, https:\/\/gulftech-news.com\/en\/wp-content\/uploads\/2024\/04\/\u0639\u0628\u062f-\u0627\u0644\u062d\u0645\u064a\u062f-\u0627\u0644\u0645\u0647\u064a\u062f\u0628\u060c-\u0627\u0644\u0631\u0626\u064a\u0633-\u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a-\u0644\u0644\u0634\u0624\u0648\u0646-\u0627\u0644\u0645\u0627\u0644\u064a\u0629-\u0641\u064a-\u0623\u0643\u0648\u0627-\u0628\u0627\u0648\u0631-200x300.jpeg?v=1713258843 200w, https:\/\/gulftech-news.com\/en\/wp-content\/uploads\/2024\/04\/\u0639\u0628\u062f-\u0627\u0644\u062d\u0645\u064a\u062f-\u0627\u0644\u0645\u0647\u064a\u062f\u0628\u060c-\u0627\u0644\u0631\u0626\u064a\u0633-\u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a-\u0644\u0644\u0634\u0624\u0648\u0646-\u0627\u0644\u0645\u0627\u0644\u064a\u0629-\u0641\u064a-\u0623\u0643\u0648\u0627-\u0628\u0627\u0648\u0631-768x1153.jpeg?v=1713258843 768w, https:\/\/gulftech-news.com\/en\/wp-content\/uploads\/2024\/04\/\u0639\u0628\u062f-\u0627\u0644\u062d\u0645\u064a\u062f-\u0627\u0644\u0645\u0647\u064a\u062f\u0628\u060c-\u0627\u0644\u0631\u0626\u064a\u0633-\u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a-\u0644\u0644\u0634\u0624\u0648\u0646-\u0627\u0644\u0645\u0627\u0644\u064a\u0629-\u0641\u064a-\u0623\u0643\u0648\u0627-\u0628\u0627\u0648\u0631-1023x1536.jpeg?v=1713258843 1023w, https:\/\/gulftech-news.com\/en\/wp-content\/uploads\/2024\/04\/\u0639\u0628\u062f-\u0627\u0644\u062d\u0645\u064a\u062f-\u0627\u0644\u0645\u0647\u064a\u062f\u0628\u060c-\u0627\u0644\u0631\u0626\u064a\u0633-\u0627\u0644\u062a\u0646\u0641\u064a\u0630\u064a-\u0644\u0644\u0634\u0624\u0648\u0646-\u0627\u0644\u0645\u0627\u0644\u064a\u0629-\u0641\u064a-\u0623\u0643\u0648\u0627-\u0628\u0627\u0648\u0631.jpeg?v=1713258843 1066w\" sizes=\"auto, (max-width: 682px) 100vw, 682px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">First RMB facility between ACWA Power and a financial institution.<\/mark><\/strong><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\"><strong>An innovative collaboration model between Saudi and China enterprises in third market along Belt and Road countries for better infrastructure enhancement and energy transition.<\/strong><\/mark><\/li>\n<\/ul>\n\n\n\n<p>Saudi-listed ACWA Power, the world\u2019s largest private water desalination company, leader in energy transition and first mover into green hydrogen, received an equity bridge loan from Bank of China worth $80 million to finance its Tashkent 200MW Solar PV and 500MWh BESS in Uzbekistan. The equity bridge loan consists of two tranches, 50% in RMB and 50% in USD.<\/p>\n\n\n\n<p>The loan marks the first RMB loan cooperation between a Chinese bank and a Saudi enterprise. This transaction culminated the initial agreement reached during the 3rd BRF summit in October 2023 where ACWA Power was represented by its chairman as a keynote speaker.<\/p>\n\n\n\n<p><strong>Abdulhameed Al Muhaidib, Chief Financial Officer of ACWA Power said: <\/strong>\u201cWe have enjoyed a long and mutually beneficial partnership with Bank of China since 2009. This milestone is a strong signifier of the confluence between Saudi Arabia\u2019s Vision 2030 and China\u2019s Belt and Road initiative, and we are delighted to deepen our cooperation with Bank of China to bring renewable energy at competitive tariffs to our key markets including Uzbekistan.\u201d<\/p>\n\n\n\n<p>ACWA Power and its affiliates have maintained extensive cooperation with Chinese entities for more than 15 years. Chinese companies have invested more than $10 billion in ACWA Power projects since the company\u2019s inception.&nbsp;<\/p>\n\n\n\n<p><strong>General manager of Bank of China Mr. Pan Xinyuan said:<\/strong> \u201cI believe that the Belt and Road Initiative is in harmony with the Saudi Arabia\u2019s Vision 2030. Bank of China will further leverage its strengths to support the cooperation between Saudi enterprises like ACWA Power and their Chinese partners for win-win objectives. Looking ahead, Bank of China will continue to improve financial connectivity to push the Belt and Road economies on a track of sustainable and high-quality development.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First RMB facility between ACWA Power and a financial institution. An innovative collaboration model between Saudi and China enterprises in third market along Belt and Road countries for better infrastructure enhancement and energy transition. Saudi-listed ACWA Power, the world\u2019s largest private water desalination company, leader in energy transition and first mover into green hydrogen, received &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[622],"tags":[],"class_list":["post-63528","post","type-post","status-publish","format-standard","hentry","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project - Gulf Tech News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project - Gulf Tech News\" \/>\n<meta property=\"og:description\" content=\"First RMB facility between ACWA Power and a financial institution. An innovative collaboration model between Saudi and China enterprises in third market along Belt and Road countries for better infrastructure enhancement and energy transition. Saudi-listed ACWA Power, the world\u2019s largest private water desalination company, leader in energy transition and first mover into green hydrogen, received &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Gulf Tech News\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T09:14:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-20T11:42:32+00:00\" \/>\n<meta name=\"author\" content=\"bessan helmi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"bessan helmi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/\",\"url\":\"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/\",\"name\":\"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project - Gulf Tech News\",\"isPartOf\":{\"@id\":\"https:\/\/gulftech-news.com\/en\/#website\"},\"datePublished\":\"2024-04-16T09:14:09+00:00\",\"dateModified\":\"2025-04-20T11:42:32+00:00\",\"author\":{\"@id\":\"https:\/\/gulftech-news.com\/en\/#\/schema\/person\/c033626e357b2f7e127eac0570ddc05c\"},\"breadcrumb\":{\"@id\":\"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gulftech-news.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gulftech-news.com\/en\/#website\",\"url\":\"https:\/\/gulftech-news.com\/en\/\",\"name\":\"Gulf Tech News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gulftech-news.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/gulftech-news.com\/en\/#\/schema\/person\/c033626e357b2f7e127eac0570ddc05c\",\"name\":\"bessan helmi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/gulftech-news.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bb1e09a6f094e0fa605073926f8ad9eb228a8b0aacd381fda782c562612428cf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bb1e09a6f094e0fa605073926f8ad9eb228a8b0aacd381fda782c562612428cf?s=96&d=mm&r=g\",\"caption\":\"bessan helmi\"},\"url\":\"https:\/\/gulftech-news.com\/en\/author\/bessan-helmi\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project - Gulf Tech News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/","og_locale":"en_US","og_type":"article","og_title":"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project - Gulf Tech News","og_description":"First RMB facility between ACWA Power and a financial institution. An innovative collaboration model between Saudi and China enterprises in third market along Belt and Road countries for better infrastructure enhancement and energy transition. Saudi-listed ACWA Power, the world\u2019s largest private water desalination company, leader in energy transition and first mover into green hydrogen, received &hellip;","og_url":"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/","og_site_name":"Gulf Tech News","article_published_time":"2024-04-16T09:14:09+00:00","article_modified_time":"2025-04-20T11:42:32+00:00","author":"bessan helmi","twitter_card":"summary_large_image","twitter_misc":{"Written by":"bessan helmi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/","url":"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/","name":"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project - Gulf Tech News","isPartOf":{"@id":"https:\/\/gulftech-news.com\/en\/#website"},"datePublished":"2024-04-16T09:14:09+00:00","dateModified":"2025-04-20T11:42:32+00:00","author":{"@id":"https:\/\/gulftech-news.com\/en\/#\/schema\/person\/c033626e357b2f7e127eac0570ddc05c"},"breadcrumb":{"@id":"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gulftech-news.com\/en\/2024\/04\/16\/acwa-power-receives-the-first-renminbi-rmb-loan-from-bank-of-china-to-finance-an-uzbekistan-solar-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gulftech-news.com\/en\/"},{"@type":"ListItem","position":2,"name":"ACWA Power receives the first Renminbi (RMB) loan from Bank of China to finance an Uzbekistan solar project"}]},{"@type":"WebSite","@id":"https:\/\/gulftech-news.com\/en\/#website","url":"https:\/\/gulftech-news.com\/en\/","name":"Gulf Tech News","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gulftech-news.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/gulftech-news.com\/en\/#\/schema\/person\/c033626e357b2f7e127eac0570ddc05c","name":"bessan helmi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/gulftech-news.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bb1e09a6f094e0fa605073926f8ad9eb228a8b0aacd381fda782c562612428cf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bb1e09a6f094e0fa605073926f8ad9eb228a8b0aacd381fda782c562612428cf?s=96&d=mm&r=g","caption":"bessan helmi"},"url":"https:\/\/gulftech-news.com\/en\/author\/bessan-helmi\/"}]}},"_links":{"self":[{"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/posts\/63528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/comments?post=63528"}],"version-history":[{"count":1,"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/posts\/63528\/revisions"}],"predecessor-version":[{"id":63530,"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/posts\/63528\/revisions\/63530"}],"wp:attachment":[{"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/media?parent=63528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/categories?post=63528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulftech-news.com\/en\/wp-json\/wp\/v2\/tags?post=63528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}